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SPA.GB 1Spatial Plc

-0.50 (-0.71%)
10:59:45 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
1Spatial Plc AQSE:SPA.GB Aquis Stock Exchange Ordinary Share GB00BFZ45C84
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.71% 69.50 68.00 71.00 70.00 69.40 70.00 3,000 10:59:45
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

1Spatial Plc Enterprise contract wins (1560Z)

10/01/2024 7:00am

UK Regulatory

1Spatial (AQSE:SPA.GB)
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RNS Number : 1560Z

1Spatial Plc

10 January 2024

10 January 2024

1Spatial plc

("1Spatial", the "Group" or the "Company")

Enterprise contracts wins

Demonstrating the growth of 1Spatial Enterprise business across key geographies, closing the year with good momentum

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, secured several multi-year Enterprise contracts in December, strengthening the Group's position across its key geographies and closing the year with good momentum.

Two-year expansion contract to support the Californian Department for Transportation in partnership with Rizing

1Spatial has signed a two-year contract with Rizing, a global SAP partner, to support its Transportation Asset Management System (TAMS) project for the California Department of Transportation (Caltrans). Providing $0.4 million in additional annual recurring revenue, the contract will see 1Spatial's 1Integrate and 1DataGateway products used for their unique data migration and data validation capabilities. There are opportunities for extension of licence terms as well as significant further expansion within the account. This is the second contract with Caltrans, secured alongside Rizing, demonstrating the strength of the long-standing partnership and demand for 1Spatial's unique technology.

Three-year contract extension with a Global Utility headquartered in France

A major European utility customer has renewed its software licence subscription for 1Spatial's GIS Framework and 1Integrate products, extending the term from one year to three years. The software is fundamental to the management of the customer's water and sewage network system and allows the creation of tailored applications to monitor efficiency. The contract has a total value of approximately EUR1.8 million over the initial three-year period, with an estimated EUR1.2 million allocated to managed services and EUR0.6 million to term license revenue. This key account presents promising potential for future growth and the extension reflects the ongoing satisfaction with 1Spatial's solutions and strength of the Group's offering.

Four-year contract with ATKIS-1Gen

1Spatial has secured a four-year contract with ATKIS-1Gen, a working group of ADV (Arbeitsgemeinschaft der Vermessungsverwaltungen der Laender) that coordinates surveying and mapping in Germany, focussed on the development of a cloud-based generalisation product that will replace on-premise technology. The total contract value, over the initial four-year term, is approximately EUR1.3 million, with the opportunity for extension of licence terms as well as expansion within the account. With 1Spatial's expertise and technology, ATKIS-1Gen will benefit from a more efficient and configurable product creation process secured within a managed cloud environment.

Commenting on the contract awards, 1Spatial CEO, Claire Milverton , said: "We are delighted to have been awarded these significant contracts from these major organisations, expanding our presence in Europe and the US. These wins demonstrate that the Land and Expand strategy in our Enterprise business is continuing to deliver organic growth, and alongside our 1Streetworks and NG911 offerings, we believe the opportunity for 1Spatial has never been greater. These wins prove that our customers understand the value of our world-leading and innovative technology as we are increasingly selected as the chosen provider on a repeat basis, and we expect many further opportunities from our patented 1Integrate offering across key geographies."

For further information, please contact:

 1Spatial plc                                  01223 420 414 
 Claire Milverton / Stuart Ritchie 
 Liberum (Nomad and Broker)                    020 3100 2000 
 Max Jones / Edward Mansfield / Anake Singh 
 Alma Strategic Communications                 020 3405 0205 
 Caroline Forde / Hannah Campbell     

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

Today, when using and sharing trusted data provides significant opportunities for businesses and governments to deliver against important sustainability and Net Zero goals, our vision is clear - to make the world safer, smarter and more sustainable by unlocking the value in data, enabling better decisions and greater insights.

The 1Spatial platform is a comprehensive set of data and system agnostic LMDM software components which helps ensure master data is compliant, current, complete, consistent, and coordinated - and that customers can be confident it will remain that way as it evolves. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both.

Our domain expertise and data agnostic approach allows us to be an integral and important part of the Geospatial Ecosystem, supporting the wider digital economy. We partner with major technology consultancies and GIS providers such as ESRI and bring together our people, innovative solutions, industry knowledge and experience from our extensive customer base to deliver world class solutions.

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.

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(END) Dow Jones Newswires

January 10, 2024 02:00 ET (07:00 GMT)

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